St Vincent's Development Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 222554128 ✦ Trumbull, CT ✦ Designated as a 501(c)(25)

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Overview

What is St Vincent's Development Inc?

St. Vincent's Development Inc is a nonprofit organization situated in Trumbull, Connecticut. Their primary role is to manage and provide facilities for St. Vincent's Health Services Corp and its affiliates. This endeavor generates rental income, contributing to the overall operations of the healthcare corporation. The organization's mission focuses on enhancing the infrastructure and resources for St. Vincent's Health Services Corp and its affiliates, thereby supporting their core operations.

Is St Vincent's Development Inc legitimate?

St Vincent's Development Inc is a legitimate nonprofit organization registered as a 501(c)(25) entity. St Vincent's Development Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of St Vincent's Development Inc?

St. Vincent's Development Inc's primary role is to manage buildings and provide necessary facilities for St. Vincent's Health Services Corp and its affiliates. This organization's mission is geared towards generating rental income, serving as a supportive infrastructure for the healthcare corporation. By managing properties effectively, St. Vincent's Development Inc contributes to the overall operations and success of St. Vincent's Health Services Corp and its affiliated entities.

Who is the CEO of St Vincent's Development Inc?

Michael Daglio is the CEO of St Vincent's Development Inc The CEO's salary of St Vincent's Development Inc is $0 and their total compensation is $1,614,663.

What is the revenue of St Vincent's Development Inc?

St Vincent's Development Inc's revenue in 2023 was $3,269,311.

Who are the executives of St Vincent's Development Inc and what are their salaries?

Here are 4 key members and their salaries (St Vincent's Development Inc's CEO's salary is $0 and their total compensation is $1,614,663):


Michael Daglio (Director & Ceo)
  • Compensation: $0
  • Related: $1,445,846
  • Other: $168,817
Thomas Vaccarelli (Director & Secretary)
  • Compensation: $0
  • Related: $438,045
  • Other: $55,548
Carol Wardell (Director & Treasurer)
  • Compensation: $0
  • Related: $370,890
  • Other: $59,171
Fred Sorbo Iii (Former Dir & Treas (Thru 5/22))
  • Compensation: $0
  • Related: $243,465
  • Other: $29,590
Where can I find the form 990 for St Vincent's Development Inc?

St Vincent's Development Inc's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of St Vincent's Development Inc

St. Vincent's Development, as a nonprofit organization, is dedicated to managing buildings and providing essential facilities for St. Vincent's Health Services Corp and its affiliates. By doing so, it generates rental income, contributing to the overall operations of these affiliated entities. In essence, St. Vincent's Development plays a vital role in ensuring that St. Vincent's Health Services Corp and its associates have the necessary infrastructure to carry out their medical and healthcare services effectively.

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Impact




October, 2024

St. Vincent's Development Inc plays a vital role in enhancing the healthcare landscape in Trumbull, CT, by managing buildings and facilities for St. Vincent's Health Services Corp and its affiliates. This management not only supports the operational needs of healthcare services but also generates rental income that can be reinvested into the community. By providing essential infrastructure, St. Vincent's Development contributes to the improvement of community health services, ensuring that local residents have better access to quality care. Their efforts lead to a more robust healthcare system, fostering overall community well-being and development.




This information is meant to be a general summary of St Vincent's Development Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$3,269,311 (2023)
Expenses
$4,139,438 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Program Service Revenue: $3,235,566
  • Gross Receipts: $3,269,311

Assets and Liabilities:

  • Total Assets: $27,804,858
  • Total Liabilities: $3,463,169
  • Net Assets: $24,341,689

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Rental Income

Revenue

$3,235,566

Organization Details

Founding Year

1985

Principal Officer

Michael Daglio

NTEE Category

Code: S47 - Community improvement

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